Gee, who could have seen THAT coming?
All the more reason to maintain focus on small government candidates for House, Sinate and POTUS.
I feel a strict following of that eliminates most, if not all but one, POTUS candidate.
We need to get us some of those NEGATIVE interest rates.
Deliberately to justify tax increases.
President Three Putt has officially “ fundamentally changed “ us, just like he promised.
Yes, kids there was a reason to screw savers with super low interest rates. It's a bailout for borrowers like Uncle Sam.
This is what happens when you have a completely fiat, unbacked currency, controlled by a soviet-style (yet private) central bank. it becomes a plaything of “progressive” politicians from both parties who seek maximum spending at all times, and central planners pursuing woolly-headed economic theory.
The only obvious path for our statist, leftist government and Federal Reserve seeking to survive is financial repression. Low interest rates MUST continue. Taxes, inflation, pilfering savings of working and middle class MUST continue.
No problemo. Obama won’t care, as he’ll be long gone.
“See ya suckers.”
What troubles me is
Congress was an accomplice!!!!!
They aided this destruction!!!
We just need a candidate that is in favor of single payer health care. That will fix the problem.
That’s OK. Bernie will come and save the day with $19 trillion in new spending.
Feel the Bern...
/sarc
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So the White House continues with its extravagant spending ways.Driving us ever closer to bankruptcy.
Private Citizen Obama will always Be Broke
We need dramatic cuts in federal spending, cuts in every federal agency except defense and a huge overhaul of SS, Medicare, Medicaid to make a dent. Approx. .70 cents of every dollar goes to social programs. The ferals face 60 Trillion or more in promised benefits they will never honor.
Monumental fiscal mismanagement. It's criminal.
Krugman says we can print more $s.
Move along, nothing to see, just the natural proceedings of a debt based monetary system. All of this is, and was expected. and yes mathematics prescribe that it will get much much worse before it collapses under it’s own weight.
AND said with such obvious pride.